How the White House torpedoed Harry Reid’s tax deal [View all]

[kpete]

“The White House worked closely with liberal House Democrats last week to torpedo a tax deal that Senate Majority Leader Harry Reid (D-­Nev.) was negotiating with Republicans,” The Hill reports.

“The unusual move to kill a Reid­-backed proposal has raised suspicions among Senate negotiators about the White House’s motivations. They believe President Obama’s team is eyeing a broad corporate tax reform deal in 2015, when Republicans will control the Senate and the House.”


.......

Reid likely won over Sen. Charles Schumer (D­-N.Y.) to support the deal by including a permanent extension of the American Opportunity Tax Credit, which lowers college costs, and a tax break for commuters who ride mass transit.

He may have had enough support to override a presidential veto in the Senate, but House Democrats gave Obama a political backstop.




more of that damn reid:
http://thehill.com/homenews/senate/225669-how-the-white-house-torpedoed-reids-tax-deal